Die Renditen 10-jähriger britischer Anleihen steigen auf über 5 %, da die Kreditkosten den höchsten Stand seit 2008 erreichen

https://www.cnbc.com/2026/03/20/uk-gilt-market-interest-rates-boe-inflation-reeves.html

Von Hopeful-Climate-3848

15 Kommentare

  1. Gold_Motor_6985 on

    After they had reached 4.2% and Reeves was starting to celebrate. We’re cursed I swear. 

  2. Commercial_Aioli7212 on

    And we thought Lizz Truss was bad

    This is partially due to Iran but no small part is the threat of Rayner and what her spending would create

  3. GullibleStatus8064 on

    CNBC don’t know that their title is supposed to include „In major blow to Reeves…“?

  4. HeadBat1863 on

    In exactly the manner how the Tories blamed the worldwide crash of 2008 and subsequent credit crunch on Gordon Brown, just watch how the Tories and their mates will blame Trump’s global fuckery on Keir Starmer, the bacon sandwich guy and ‚woke‘.

  5. tax_economic_rent on

    Just a quick reminder of [the vast sums](https://www.gov.uk/government/publications/benefit-expenditure-and-caseload-tables-information-and-guidance/benefit-expenditure-and-caseload-tables-information-and-guidance) the UK spends on welfare

    > In 2025 to 2026 the government is forecast to spend **£323 billion** on the social security system in Great Britain.

    > Around 55% of social security expenditure goes to pensioners; in 2025 to 2026 we will spend £177.8 billion on benefits for pensioners in GB.

    > In 2025 to 2026 we will spend £145.3 billion on working age and children welfare.

    In contrast, annual military spending is ~£65bn, the R&D budget is ~£14bn, a once in a generation infrastructure project like the Elizabeth line was £19bn, an important scientific project like the British Antarctic Survey gets a teeny tiny £55 million a year, A brand new museum like Titanic Belfast cost around £150 million in total (and has a lasting cultural impact) – and yet these are mere fractions of annual welfare spending.

    And in the next 10 years we will spend probably between £3.5 – 4 *trillion* on pensioner benefits and working age welfare combined. It is an almost unfathomable amount of money which leaves no discernible legacy for future generations.

    The *opportunity cost* of this is enormous – while rapidly growing China ploughs money into its infrastructure, domestic manufacturing, domestic science and Chinese R&D – we instead funnel money into welfare and just get entitled, welfare-bribed voters who only ever demand more.

  6. fresh_start0 on

    I’m so angry at the USA and Israel over this, I’m no fan of Iran but they shook the hornets nest with no plan and now the put genie is out of the bottle.

  7. The head of the IEA said the world faces the „greatest global energy security challenge in history“

    I dunno about you guys, but I personally just *love* once-in-a-lifetime events occuring every 2-3 years of my adult life. 

    Big cheer for the Americans, bringing in such a fucking disaster of a President for round 2. We are all immensely grateful. We feel the winning. 

  8. TurbulentRadish8113 on

    Boy am I glad we „cut the green crap“ and slowed down the efforts on clean energy and electric vehicles too. Becoming dependent on gas prices was a great idea.

    EDIT: „cut the green crap“ was a Cameron quote from 2013. While the Tories continued offshore wind development, they drastically cut rates of insulation and onshore renewables development. We still got renewables and some efficiency, but we would have had more if it weren’t for those policy changes. They were popular at the time, but ultimately cost us more money, hurt our energy security & industry, and increased pollution.

  9. Just as an FYI a bond rate hike is a bad thing.
    Bonds are like IOU’s the government give to borrow money. They pay a % of the amount borrowed every year.

    If you are 100% certain the government will pay you back you charge 1-2%.
    As you get less certain the interest goes up.

    So the smaller the interest rate the better.

  10. order-of-magnitude-1 on

    I beginning to think that burning long dead sea creatures isn’t a sound foundation for the global economy. 

  11. StudentGlum9864 on

    The obvious thing to do when borrowing gets really expensive and you are already drowning in debt is to … borrow more?

  12. Intenso-Barista7894 on

    Unfortunately guys, this is my fault as I’m really close to buying my first house at 34, and I can’t have nice things. When I planned my once in a lifetime Asia trip, I had a planned start date of the 20th Feb 2020. I was also last looking for a house in March 2022, unable to afford it in the end for some strange reason. My fault for trying again.

  13. If you’re going to spend recklessly you can’t be upset when the bill comes

  14. This is based on the markets penciling in the inflation and high energy prices and that Labour are going to have to borrow lots of money to bail everyone out.

    Labour could come out and rule out any support, bond markets would calm down, yields would fall and anything they did borrow would be at a lower rate.

  15. I’m not sure the wider public have grasped how close we are teetering to a major economic crisis here. If the war continues and the disruption to gas/oil markets continues (or gets worse) it’s going to result in a bigger challenge than the Russian invasion of Ukraine and the 1970s oil crisis. The issue is that Iran know this, and this is the card they’re playing, step on the neck of the global economy long enough and hard enough and they have something to negotiate with, the Trump administration is rapidly approaching a major decision. Double down, go all in, full blown war with Iran, troops, occupation etc and forcibly remove the stranglehold on the strait and seize Iranian oil fields and processing etc. Easier said than done, huge gamble, multi-year project, lots of US casualties, even more short-term price chaos. Political asbestos, even for the most ardent Trump supporters.

    Or, open talks with Iran on ceasing military action and economic sanctions, in exchange for safe passage of all ships in the strait.

    With how Trump is, honestly all bets are off here that sane heads will prevail. Sane heads aren’t even in the room any more.

    The UK is not in a position to deal with this kind of energy price climb for a sustained period, the cost of living is already ratchetted up high, everything has been structured and bet on interest rates and inflation going down in 2026 and 2027, not up. There’s no fiscal headroom left in the economy, or in households, to absorb another huge surge in inflation, especially on essentials like food and energy. Energy rationing and limiting journeys to essential travel etc could genuinely be on the cards.

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